Biomax plans RM52m plant
RUBBER glove maker Biomax Rubber Industries Ltd plans to build a new plant in Kuala Selangor.
The new factory is expected to cost ?12 million (RM52.3 million), which includes a working capital of ?2 million.
Biomax president Chong Wee Chong said the new plant will comprise two production lines and be equipped with fully-automated machines.
"Construction is expected to start by end of this year," Chong told a press conference here yesterday.
He said the company expects its production capacity to increase to one billion gloves per annum after the two new lines are fully commissioned by early 2015.
Currently, Biomax's existing plant in Sungai Buloh produces about 384 million pieces of medical/examination gloves per annum from its four production lines.
Chong said the new facility would accommodate the increasing demand for medical/examination glove products from its purchasers and customers globally.
He added that Biomax will employ some 200 employees when the new plant is completed.
Chong said the firm wanted to tap into the growth potential in countries such as Russia and the Commonwealth of Independant States (CIS).
"The Export market now make up approximately 80 per cent of our annual revenue," he said.
Biomax manufactures premium non-sterile latex medical/examination gloves, pre-powdered, polymer coated and trades chlorinated powder free gloves for the healthcare industry.
Its products are exported to more than 20 countries such as the United States, United Kingdom, Japan, Vietnam and Europe.
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